Traders in the forex market have been closely watching the AUD/USD pair as it rebounds sharply from a four-day high, around the 0.6650 area touched earlier this Monday. The pair has been showing strong intraday recovery through the mid-European session, with spot prices spiking to the 0.6760 area, reaching a nearly one-month top in the…
Weekly Forex Analysis Apr 3 – 7 – How to Stay Consistent Understanding Market Shifts As traders, one of the most important skills to develop is the ability to recognize when the market is about to shift its direction. This can be a challenging task, as the market is constantly changing and influenced by a…
Trading in Gold Understanding the Characteristics of Gold As someone who regularly trades in gold, it’s important to have a deep understanding of the precious metal. While our focus may be primarily on Forex trading, there is a lot to be gained from expanding our knowledge of gold and its unique characteristics. Cyclical Patterns in…
Breaking Down the Bearish Correction in the Market What Is a Bearish Correction? A bearish correction in the market refers to a temporary reversal in an uptrend, where prices start to move lower after a period of sustained gains. This can happen due to various factors such as profit-taking, negative news, or changes in market…
USD/IDR Prints First Daily Gains in Six Around the 15,000 Mark The Indonesia Rupiah (IDR) Sees a Boost Amid Softer Inflation Numbers On Monday, the USD/IDR pair experienced its first daily gains in six sessions, hovering around the 15,000 mark. This increase can be attributed to softer inflation numbers in Indonesia, which have boosted the…
USD/CHF Extends Upside Amid Risk-Off Mood Intraday high reached at 0.9170 Consolidating a two-week downtrend Amid a risk-off sentiment prevailing in the market, USD/CHF has picked up bids to renew its intraday high around 0.9170. This upward movement comes as the pair extends the previous day’s gains while consolidating a downtrend that has lasted for…
